Partnerships and Joint Ventures

Setting up a Partnership

Partnerships can be a quick and easy way to start running a business with another person. However, without carefully worded documentation you could find yourself having to close your successful business, if relations between you and your business partner break down, or if your business partner dies, you could be forced into a business relationship with a member of your partner’s family.

We can help you to avoid these common scenarios by putting in place some initial documentation setting out how the business is run on a day-to-day basis, including the hours that the partners are expected to work and the way in which monies can be withdrawn from or injected into the business. We can also stipulate various exit strategies so that both you and your business partner are aware of how you can both leave the business and whether the remaining partner should be given the right of first refusal to purchase the departing partner’s share of the business.

Setting up a Joint Venture

Joint Ventures are often pursued by way of partnership or specially formed limited company. They are a method whereby two or more companies or individuals can join resources to pursue a common goal. They are often used in the construction and property sectors and can range from simple short agreements to hugely complicated transactions.

Our partnerships and joint venture specialists are experienced in dealing with these types of transactions and can assist you with the drafting and preparation of a joint venture project or the negotiation of contract terms.

Seek expert legal advice

The specialist lawyers at Neves have extensive experience in assisting clients with setting up a partnership or joint venture. Contact our Company Commercial team on 0330 0945 500, email info@nevesllp.co.uk or complete our Contact Form and we’ll get back to you.